Question

The cost of a jacket increased from $75.00 to $87.00. What is the percentage increase of the cost of the jacket?
A.
1.6%
B.
12%
C.
16%
D.
84%

Answer 1

To calculate the percentage increase in the cost of the jacket, we can use the following formula:

\[
\text{Percentage Increase} = \frac{\text{New Price} - \text{Old Price}}{\text{Old Price}} \times 100
\]

In this case, the old price is $75.00 and the new price is $87.00.

1. Calculate the increase in price:
\[
\text{Increase} = 87.00 - 75.00 = 12.00
\]

2. Calculate the percentage increase:
\[
\text{Percentage Increase} = \frac{12.00}{75.00} \times 100
\]
\[
= 0.16 \times 100 = 16\%
\]

Therefore, the percentage increase of the cost of the jacket is **16%**.

The correct answer is **C. 16%**.